Dennis Hong portfolio & holdings
ShawSpring Partners
Historical clone performance and limitations
Dennis Hong (ShawSpring Partners) discloses a $232M portfolio across 11 US-listed positions in the latest 13F filing (2026Q2, filed Aug 14, 2026). The largest holding is BABA at 16.9% of the book.
A material reported change · Q2 2026
Dennis Hong increased reported BABA shares by 41.0%.
Holdings as of Jun 30, 2026 · filed Aug 14, 2026. Position at period end: 16.9% of the reported portfolio. The filing does not reveal the trade date, price, or reason.
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Holdings (11) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | BABA | 16.9% | $39M | |||
| 2 | AMZN | 16.1% | $37M | |||
| 3 | OKTA | 13.8% | $32M | |||
| 4 | ZS | 10.2% | $24M | |||
| 5 | CR | 7.8% | $18M | |||
| 6 | MSFT | 7.3% | $17M | |||
| 7 | FWONK | 7.0% | $16M | |||
| 8 | CPNG | 6.9% | $16M | |||
| 9 | BRZE | 6.0% | $14M | |||
| 10 | GDS | 4.9% | $11M | |||
| 11 | CEG | 3.0% | $7M |
- 1BABAport16.9%val$39MAlibaba Group Holding-sp Adrthis Q +41%·3q
- 2AMZNport16.1%val$37MAmazon.com Incthis Q hold·3q
- 3OKTAport13.8%val$32MOkta Incthis Q -58%·5q
- 4ZSport10.2%val$24MZscaler Incthis Q hold·2q
- 5CRport7.8%val$18MCrane COthis Q New·—1q
- 6MSFTport7.3%val$17MMicrosoft Corpthis Q New·—1q
- port7.0%val$16MLiberty Media Corp-formula-cthis Q hold·4q
- 8CPNGport6.9%val$16MCoupang Incthis Q hold·13q
- 9BRZEport6.0%val$14MBraze Inc-athis Q -42%·7q
- 10GDSport4.9%val$11MGds Holdings Ltd - Adrthis Q +71%·2q
- 11CEGport3.0%val$7MConstellation Energythis Q +23%·2q
2026Q2 moves, by size (10)(expand ↓)
| Ticker | Issuer | Move | % Port. | Δ Shares | Value |
|---|---|---|---|---|---|
| BABA | Alibaba Group Holding-sp Adr | ADD | 16.9% | +41% | $39M |
| OKTA | Okta Inc | TRIM | 13.8% | -58% | $32M |
| BRZE | Braze Inc-a | TRIM | 6.0% | -42% | $14M |
| CR | Crane CO | NEW | 7.8% | +100% | $18M |
| MSFT | Microsoft Corp | NEW | 7.3% | +100% | $17M |
| INTU | Intuit Inc | EXIT | 6.6% | -100% | $0 |
| CSGP | Costar Group Inc | EXIT | 5.1% | -100% | $0 |
| GDS | Gds Holdings Ltd - Adr | ADD | 4.9% | +71% | $11M |
| PCOR | Procore Technologies Inc | EXIT | 4.6% | -100% | $0 |
| CEG | Constellation Energy | ADD | 3.0% | +23% | $7M |
- ADDBABA16.9%Alibaba Group Holding-sp AdrΔ +41%·$39M
- TRIMOKTA13.8%Okta IncΔ -58%·$32M
- TRIMBRZE6.0%Braze Inc-aΔ -42%·$14M
- NEWCR7.8%Crane COΔ +100%·$18M
- NEWMSFT7.3%Microsoft CorpΔ +100%·$17M
- EXITINTU6.6%Intuit IncΔ -100%·$0
- EXITCSGP5.1%Costar Group IncΔ -100%·$0
- ADDGDS4.9%Gds Holdings Ltd - AdrΔ +71%·$11M
- EXITPCOR4.6%Procore Technologies IncΔ -100%·$0
- ADDCEG3.0%Constellation EnergyΔ +23%·$7M
About Dennis Hong
Dennis Hong founded ShawSpring Partners as a concentrated, long-only equity vehicle oriented around what the firm describes as high-quality compounders — businesses with durable competitive advantages across technology and consumer internet. The 2026 Q1 13F reflects that disposition clearly: 12 disclosed positions, roughly $268M in long equity exposure, and a top-five concentration of 65% anchored by OKTA, AMZN, BABA, ZS, and BRZE. That kind of portfolio has meaningful single-name and sector risk; a reader should treat the filing as a reasonably complete picture of the book, since ShawSpring's strategy does not prominently feature shorts or derivatives that would render the 13F a partial view. The caveat worth noting is the 45-day disclosure lag — position sizing can shift materially before the data reaches the public. A Latticework clone backtest run over roughly seven years shows the disclosed longs have trailed SPY by approximately 5 percentage points annually, a gap consistent with the portfolio's tilt toward growth-oriented software names during a period of rate-driven multiple compression.
2026Q2 brief
Dennis Hong's ShawSpring Partners made two of the boldest calls in its peer group this quarter: a 41.0% add to BABA (now the top holding at 16.9% of a $230M book) and the complete exit of INTU, CSGP, and PCOR — three software names that were meaningful positions. The OKTA stake was slashed by 58.5% (still 13.8%), suggesting Hong is rotating away from pure-play identity/security software in favor of broader infrastructure themes. New positions in CR (Crane Holdings, 7.8%) and MSFT (7.3%) tell different stories: CR signals a turn toward industrial compounders, while MSFT is a relative rarity for ShawSpring, implying mega-cap quality is now more attractive on a risk-adjusted basis. The 71.4% add to GDS (Chinese data centers, now 4.9%) complements the BABA thesis with an AI infrastructure angle in China. Hong is effectively consolidating around two poles: China consumer/infra and U.S. quality compounders. Watch whether OKTA is fully exited next quarter — that would confirm a clean break from the high-multiple security software cohort.
AI-generated. Not investment advice.
Filing history
Dennis Hong's disclosed 13F portfolio value and position count by quarter — the trajectory across every SEC filing.
| Quarter | Positions | Portfolio value |
|---|---|---|
| Q2 2026 — what changed → | 11 | $232M |
| Q1 2026 — what changed → | 12 | $268M |
| Q4 2025 — what changed → | 11 | $531M |
| Q3 2025 — what changed → | 11 | $673M |
| Q2 2025 — what changed → | 10 | $792M |
| Q1 2025 — what changed → | 10 | $728M |
| Q4 2024 holdings | 11 | $755M |
| Q3 2024 holdings | 10 | $792M |
| Q2 2024 holdings | 10 | $693M |
| Q1 2024 holdings | 8 | $779M |
| Q4 2023 holdings | 6 | $609M |
| Q3 2023 holdings | 6 | $597M |
Values as disclosed at each quarter end. Older filings on EDGAR.
Manager evidence
8 material decisions, preserved in sequence.
See what Dennis Hong bought, added, trimmed, or exited across eight quarters—plus disclosure lag, SEC sources, and observed outcomes versus SPY. No guru grade.
Open Dennis Hong's decision evidence →Frequently asked questions
- What stocks does Dennis Hong own?
- As of 2026Q2, Dennis Hong's 13F discloses 11 positions worth $232M. The top five holdings: BABA (16.9%), AMZN (16.1%), OKTA (13.8%), ZS (10.2%), CR (7.8%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
- What did Dennis Hong buy this quarter?
- In 2026Q2, the filing shows 2 new positions and 3 additions to existing holdings. The largest positions touched by buying: BABA, CR, MSFT, GDS, CEG.
- How big is Dennis Hong's portfolio?
- $232M across 11 positions per the latest 13F (filed Aug 14, 2026). The top five holdings account for 65% of the disclosed book.
Similar portfolios
Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0001766908). Not investment advice.